The Daily Dividend Investor Has Been Quiet Like A Mouse…
Things around the Daily Dividend Investor have been a bit quiet lately. Perhaps you’ve noticed that I’ve started migrating the site over to a hosted WordPress solution.
Thanks to Erica Douglass over at : www.erica.biz (who writes one of my all-time favorite blogs) – she recently hooked me up with great a 50% off all hosting plans disount at Hostgator (www.hostgator.com)! I signed up for their “Baby Plan” which lets me host unlimited sites for 2 years for $100! I figured I couldn’t beat the price and I’d heard really great things about their service so I went for it.
I’ve spent the last week or so working on bringing up a few sites including Daily Dividend Investor and I have to say that it’s been easier than I ever expected. Although I still have a lot to learn – I haven’t even begun to implement 10% of the tools they provide for building, maintaining and growing your own web site. If you’re in the market to setup a site – you should definitely check them out. If you have questions about setting up a new blog or site on Hostgator, drop me a line and I’ll do what I can to help you. Remember, to succeed you must take action! I wish I had made the move sooner.
While I’ve been focusing my time on the technical side of things, the DDI portfolio has been quietly churning away, building up cash, which as of today is just shy of $600, at $598 and change.
I’ll be making my planned capital additions for November and December in the next few days which will bring the cash balance up closer to $3000 – priming the portfolio to add new positions when the time is right.
A Positive Market
Because the stock market has been moving upward over the last few days, I’m not in a big hurry to add to my positions. Several positions have recently announced dividend increases, so the portfolio continues to gain momentum even with no new asset purchases. As the European debt crisis continues to work towards a positive solution, it appears that the US Markets will likely continue this “melt-up” process we’ve seen over the last couple of weeks.
In the mean time as the broader market rises, I’m spending some time looking for undervalued dividend stocks that I can deploy my cash into sooner rather than later. As bank savings and CD rates remain low and continue to trend lower, it’s becoming more and more difficult to find the quality dividend assets, but I’m still looking.
As I refocus my efforts on finding those hidden dividend producing gems, I’ll be providing more daily updates of the stocks that have announced recent increases – I find it to be a great way to discover small to mid-size niche companies that have long track records of competent and conservative financial management.
Stay tuned…..you won’t be disappointed.